31 Mar 2014 13:48

31 March 2014
Stobart Group Limited
('Stobart' or 'the Company')
Â
Result of General Meeting
Â
Stobart, the Infrastructure and Support Services group, announces that at its General Meeting held at 12.00 p.m. today, each of the resolutions submitted to the meeting (as set out in the Notice of Meeting dated 11 March 2014) was proposed and passed by the appropriate majority.
The proxy votes received were as follows:
Â
Votes in favour | Votes at Chairman's discretion | Votes against | Votes withheld | % in favour incl. Chairman's discretion but excl. withheld votes | |
Resolution 1 - An ordinary resolution to approve the proposed partial realisation of the Stobart Group's Transport and Distribution Division ("Disposal") | 272,193,111 | 224,893 | 9,903,979 | 462,740 | 96.49% |
Resolution 2 - A special resolution to authorise the Company to buy back up to 35.4 million Ordinary Shares | 282,092,349 | 243,528 | 397,253 | 51,593 | 99.86% |
Â
Completion of the Disposal is expected to take place within ten business days. A further announcement will be made to confirm that completion has occurred.
Â
A copy of all the resolutions passed, other than those concerning ordinary business, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.Hemscott.com/nsm.do.
Â
Â
ENQUIRIES:
Â
Stobart Group | +44 1925 605 400 |
Andrew Tinkler, Chief Executive Officer Ben Whawell, Chief Financial Officer | Â |
 Lansons |  |
Tony Langham (tonyl@lansons.com) | +44 20 7294 3617 / +44 7979 692287 |
Anna Schirmer (annas@lansons.com) | +44 20 7294 3605 |
 Influence Associates |  +44 20 7287 9610 |
Stuart Dyble/James Andrew | Â |
Â